SHA:688449 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	873.21	1,189	1,182	198.87	69.48	37.75
Short-Term Investments	10.17	31.37	-	-	-	-
Trading Asset Securities	55.61	-	-	42.01	52.05	113.91
Cash & Short-Term Investments	938.99	1,221	1,182	240.88	121.53	151.67
Cash Growth	-18.91%	3.29%	390.56%	98.21%	-19.87%	12.54%
Accounts Receivable	305.33	312.5	443.77	272.75	156.91	115.91
Other Receivables	10.3	0.06	0.05	0.05	0	0.02
Receivables	315.62	312.56	443.82	272.8	156.91	115.93
Inventory	590.76	576.52	308.94	182.59	403.45	220.4
Other Current Assets	29.81	23.44	8.04	37.72	53.74	23.24
Total Current Assets	1,875	2,133	1,942	734	735.63	511.24
Property, Plant & Equipment	86.05	87.73	91.47	61.86	50.84	51.91
Long-Term Investments	45.1	45.1	5.1	-	-	-
Other Intangible Assets	33.4	36.71	24.87	37.44	8.76	2.39
Long-Term Deferred Charges	2.22	1.82	1.92	1.96	2.16	45.82
Other Long-Term Assets	407.84	50.54	20.65	20.03	5.64	0.16
Total Assets	2,450	2,355	2,086	855.29	803.03	611.52
Accounts Payable	148.08	117.38	88.16	40.21	60.68	47.51
Accrued Expenses	100.69	91.03	85.08	60.73	51.03	40.23
Short-Term Debt	120.1	100.08	83.07	80.07	40.04	20.03
Current Portion of Leases	-	7.69	6.73	-	-	-
Current Income Taxes Payable	6.25	-	-	4.38	5.48	2.04
Current Unearned Revenue	70	44.94	23.43	25.52	103.42	0.24
Other Current Liabilities	44.85	40.57	34.3	19.24	17.57	6.84
Total Current Liabilities	489.97	401.7	320.77	230.15	278.22	116.89
Long-Term Leases	5.77	7.58	12.09	0.78	4.52	6.83
Long-Term Unearned Revenue	16.28	22.87	33.6	92.77	92.96	39.55
Other Long-Term Liabilities	10.37	17.13	10.17	13.02	5.79	1.93
Total Liabilities	522.39	449.28	376.63	336.72	381.49	165.2
Common Stock	460	460	460	360	360	44.4
Additional Paid-In Capital	1,240	1,227	1,173	200.7	156.34	476.97
Retained Earnings	225.35	216.49	74.33	-43.72	-95.95	-73.97
Comprehensive Income & Other	1.62	2.23	2.13	1.6	1.15	-1.08
Shareholders' Equity	1,927	1,906	1,710	518.58	421.54	446.32
Total Liabilities & Equity	2,450	2,355	2,086	855.29	803.03	611.52
Total Debt	125.87	115.35	101.89	80.85	44.55	26.86
Net Cash (Debt)	813.12	1,105	1,080	160.03	76.98	124.81
Net Cash Growth	-23.61%	2.35%	574.74%	107.90%	-38.33%	-7.39%
Net Cash Per Share	1.77	2.41	2.93	0.46	0.21	2.81
Filing Date Shares Outstanding	460	460	460	360	359.82	44.4
Total Common Shares Outstanding	460	460	460	360	359.82	44.4
Working Capital	1,385	1,731	1,622	503.85	457.41	394.35
Book Value Per Share	4.19	4.14	3.72	1.44	1.17	10.05
Tangible Book Value	1,894	1,869	1,685	481.14	412.78	443.93
Tangible Book Value Per Share	4.12	4.06	3.66	1.34	1.15	10.00
Machinery	-	204.45	165.53	115.76	76.15	62.57
Construction In Progress	-	-	-	-	0.03	0.5

Source: S&P Global Market Intelligence. Standard template. Financial Sources.